It’s the Friday before Christmas. Even if you don’t celebrate the holiday yourself, there’s a slow down in the air at work today — if you’ve bothered to actually go into the office. So there is no better time to dish on some more bonus news.
On that front, the New York office of Morrison & Foerster announced their end-of-the-year bonuses yesterday. (UPDATE (12/26/17): Non-New York bonus memos have yet to go out, and last year, they were sent in February, according to a source.) And, to the surprise of no one, they’ve met the Cravath scale across all class years:
Class of 2017 – $15,000 (prorated)
Class of 2016 – $15,000
Class of 2015 – $25,000
Class of 2014 – $50,000
Class of 2013 – $65,000
Class of 2012 – $80,000
Class of 2011 – $90,000
Class of 2010 (+ prior years) – $100,000
Bonuses will be pay on the late side — along with the February 15th paycheck. Plus there is extra money for associates that have a particularly tough year (read: over 2500 hours).
So, MoFo associates, how do these dollars stack up and when you’ll eventually see your money? It might be what you were expecting, but the bonus stagnation over the years has certainly left others at big firms frustrated.
Please help us help you when it comes to bonus news at other firms. As soon as your firm’s bonus memo comes out, please email it to us (subject line: “[Firm Name] Bonus”) or text (646-820-8477), or tweet (@ATLblog). We always keep our sources anonymous — and that includes our sources for bonus stories. There’s no need to send the memo using your firm email account; your personal email account is fine. Please be sure to include the memo as proof; we like to post complete bonus memos as a service to our readers. You can take a photo of the memo and attach as a picture if you are worried about metadata in a PDF or Word file. Thanks for your help.
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Kathryn Rubino is an editor at Above the Law. AtL tipsters are the best, so please connect with her. Feel free to email her with any tips, questions, or comments and follow her on Twitter (@Kathryn1).